Articles by Jason Bramwell

A&A

IIA Highlights Five Key Strategies for Internal Audit Success

A report released by the Institute of Internal Auditors on Monday examined changing expectations from key internal audit stakeholders and zeroed in on five tactics chief audit executives can use to meet those expectations.
Tax

5 Tax Tips Newlyweds Should Consider

Summer wedding season is underway, but have you considered some of the tax issues that go along with tying the knot? If not, the IRS has provided the following five basic tips that can help keep those issues to a minimum.
A&A

Bramwell’s Lunch Beat: The Deals Within Tax Inversion Deals

The menu for July 7 features specials on PCAOB likely to vote on naming engagement partner proposal by year’s end, EU widens its tax inquiry of multinational firms, SEC final pay rules coming soon, and more.
A&A

Bramwell’s Lunch Beat: Pot Shop Challenging IRS Penalties

The menu for July 3 features specials on lawmakers throw the book at tax scofflaws to raise revenue, states take lead on gas tax increases, GOP presses Justice to act on Lois Lerner contempt citation, and more.
Tax

FATCA Pacts with US Grow as Law Takes Effect

The US Treasury Department said on July 1, the day FATCA went into effect, that nearly 100 jurisdictions and more than 80,000 financial institutions worldwide now have agreements with the United States to fight overseas tax evasion.
Tax

IRS Shortens Form for Small Nonprofits Seeking Tax Exemption

A new form introduced by the IRS on Tuesday, Form 1023-EZ, is expected to help speed up the approval process for small charities and nonprofit groups that have applied for 501(c)(3) tax-exempt status.
A&A

Bramwell’s Lunch Beat: Longevity Annuities Get Boost from US Treasury Department

The menu for July 2 features specials on SEC bars accounting firm from auditing US-traded companies in China, True the Vote/IRS court hearing next week, tax strategy used by Illinois governor hopeful, and more.
Tax

IRS: Unused ITINs to Expire After Five Years

According to a new policy unveiled by the agency on Tuesday, Individual Taxpayer Identification Numbers (ITINs) will expire if not used on a federal income tax return for five consecutive years. The ITIN will remain in effect as long as a taxpayer continues to file US tax returns.
A&A

AICPA Adds Two More Audit Interpretations on GASB Pension Rules

The AICPA's Auditing Standards Board this week issued two new audit interpretations intended to help auditors navigate GASB's pension accounting guidelines for state and local governments.
Tax

Key Details of IRS’s Voluntary Preparer Education Program

The IRS on Monday issued final rules for its new Annual Filing Season Program, an initiative announced last week that will enable paid tax return preparers to voluntarily fulfill continuing education requirements and obtain a record of completion.
A&A

Bramwell’s Lunch Beat: The 411 on ‘Critical Audit Matters’

The menu for July 1 features specials on many states cut taxes as their fiscal years’ begin, PCAOB finds deficiencies in 19 of 59 PwC audits, challenge of Colorado’s sales tax law heads to Supreme Court, and more.
A&A

Many Finance Execs Like Way Economy Is Heading: Survey

For the first time since 2006, more than 50 percent of CFOs believe the economy will show signs of improvement over a six-month span rather than remain the same or worsen, according to a new study from Grant Thornton LLP.
A&A

Bramwell’s Lunch Beat: Ready or Not, FATCA Is Almost Here

The menu for June 30 features specials on GOP Rep. Darrell Issa says Lois Lerner violated agency regulations and laws regarding emails, SEC suspends two KPMG auditors, AICPA launches new future of learning site, and more.
A&A

Bramwell’s Lunch Beat: A Look at Hertz’s Accounting Red Flags

The menu for June 27 features specials on US/China agree to terms on FATCA pact, Big Four firms oppose Hong Kong protest, KPMG buys boutique investment bank, Deloitte names new CEO of audit practice, and more.
Tax

IRS Moves Ahead with Voluntary Preparer Certification Plan

The IRS announced a new program on Thursday that will allow paid tax return preparers to receive certification if they voluntarily complete certain continuing education requirements.

PCAOB Issues Audit Guidance on Brokers and Dealers

The staff guidance released on Thursday will help auditors of brokers and dealers registered with the SEC plan and perform audits under PCAOB standards as mandated by the Dodd-Frank Act and SEC rules.
A&A

Finance Teams’ Roles Continue to Expand: AICPA Survey

The responsibilities of the CFO and other finance professionals have moved beyond corporate accounting and financial reporting, and now include strategic business planning, IT development, and cybersecurity, among other areas.
A&A

Bramwell’s Lunch Beat: House Panel Checks Off More Tax Breaks From Its List

The menu for June 26 features specials on vote on Wyden’s highway fund plan on hold, ex-lawyer gets 15 years in tax fraud case, Regions Financial to pay $51 million to settle accounting error, and more.
A&A

FASB Fills Hole in Stock Compensation Accounting Rules

The standard-setting board last week finalized new accounting guidance on stock compensation – specifically on how to account for share-based payments, which is absent from current US GAAP.
Practice

JDJ Resources Corp. Leaders Split from Rothstein Kass

The founders of JDJ Resources Corp. said on Wednesday they have left the Rothstein Kass Family Office Group to launch JDJ Family Office Services, which will provide administrative multifamily office and personal CFO services.

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